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Lockheed Gets Revised Contract
From Pentagon, Paring Tasks

By

Anne Marie Squeo Staff Reporter of The Wall Street Journal

Updated Oct. 5, 2000 12:17 a.m. ET

Lockheed Martin Corp., which was to receive $150 million from the Pentagon for rocket-launch work, will now get paid the same amount under a revised agreement for performing other tasks of lesser value, according to an Air Force official.

The arrangement could result in criticism that the Pentagon is bailing out weakened defense contractors, a perception it has sought to avoid. While Air Force officials concede the Lockheed...